Mumbai, April 16 (IANS) Tata Group-backed Tejas Networks’ shares plunged nearly 6 per cent in early trade on Thursday after the company’s January–March quarter (Q4) earnings disappointed traders and investors.The BSE 500 stock declined as much as 5.86 per cent to Rs 423.50, hitting an intraday low, compared with its previous close of Rs 449.90. The fall came after the company reported its fifth straight quarterly loss in Q4 FY26, with revenue also declining sharply year-on-year.Tejas Network…
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Mumbai, April 16 (IANS) Singapore Airlines CEO Goh Choon Phong is likely to meet senior executives of the Tata Group on Thursday at Bombay House in Mumbai, with discussions expected to focus on the financial and operational challenges facing Air India.Goh is reported to have arrived in Mumbai earlier in the day and is expected to hold detailed talks with Tata Group leadership on the airline’s ongoing turnaround efforts.According to sources, he is also likely to meet Tata Sons Chairman Nataraja…
New Delhi, April 15 (IANS) Air India has reported a wider-than-expected annual loss of over Rs 22,000 crore ($2.4 billion or Rs 220 billion) for FY26, prompting the airline to seek fresh capital support from its shareholders, including Tata Group and Singapore Airlines, a report has said.The loss for the financial year ended March 31 significantly exceeded earlier internal estimates and comes amid a series of operational and geopolitical disruptions that weighed heavily on the airline’s perfor…
New Delhi, April 13 (IANS) Air India is planning to introduce a new performance-linked stock options reward system for its employees in order to boost productivity as the Tata Group looks at ways to turn around the loss-making airline. Eligible employees, including pilots, engineers, and senior management, will be able to buy shares after being granted stock options at prices between the Rs 4 face value and the market value at the time of grant, according to a report in Livemint on Monday.The pl…
New Delhi, April 7 (IANS) Multiple reports on Tuesday said that Air India Chief Executive Officer (CEO) Campbell Wilson has resigned before his term ends. The airline was yet to issue an official statement on this development.Wilson is currently serving his notice period, according to reports.The Tata Group airline has not made any public statement yet. A query sent to airlines was not immediately answered.It is also unclear if the company has found a replacement. The board was scouting since la…
Ahmedabad, April 4 (IANS) Families of those killed in the Air India Flight AI‑171 crash have written to Prime Minister Narendra Modi, pressing for the immediate release of the aircraft’s Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR) data as they seek clarity on the cause of the accident. The appeal is associated with the ongoing frustration with the pace of the investigation and the level of communication from authorities and the airline.In their letter, families described acce…
New Delhi, March 12 (IANS) Air India has approached the Directorate General of Civil Aviation (DGCA) seeking temporary relaxation in Flight Duty Time Limitation (FDTL) norms as escalating tensions in the Middle East force airlines to take longer diversionary routes, a report said on Thursday.The Tata Group-owned airline has requested permission to operate certain long-haul flights with a two-pilot crew instead of the standard three, along with an extension in maximum flying time, according to ND…
New Delhi, March 3 (IANS) Natarajan Chandrasekaran, Chairman of Tata Sons, on Tuesday expressed concern over the ongoing conflict involving the US, Israel and Iran, warning that a prolonged war in the Middle East could create wider global challenges. However, he clarified that there has been no direct impact on India or the Tata Group so far.Chandrasekaran was speaking to the media during his visit to Jamshedpur on the occasion of the 187th birth anniversary of Jamsetji Tata, founder of the Tata…
New Delhi, March 2 (IANS) Over $200 billion in AI-related investments are expected across infrastructure, foundation models, hardware and applications, as the ‘India AI Impact Summit 2026’ concluded with the adoption of forward-looking commitments and strategic partnerships that advance a shared global vision for responsible, inclusive and development-oriented artificial intelligence, an official statement said on Monday.While Adani Group announced plans to invest $100 billion by 2035, Relia…
New Delhi, Feb 23 (IANS) Apple’s iPhone became the most valuable export item from India in 2025 with around $23 billion worth of devices shipped from domestic factories in the country, mostly to the United States, according to industry data.This surge in Apple exports was driven by production incentives such as the production-linked incentive (PLI) scheme and diversification from Chinese suppliers, said industry players.Smartphones were India’s top export category for the first time, surpass…